| Outstanding portfolio (PHP) | PHP 13,000,000 |
| Portfolio (USD) | USD 311,004.78 |
| Active Clients with Loans | 967 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 20,000 |
| Maximum loan size | 60,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 20.00% |
| Highest quoted nominal interest | 20.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Charge | Notarial Fee | |
| % of loan amount - min | 2.00% | 1.00% | |
| % of loan amount - max | 2.00% | 1.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | MILAMDEC Tibod Mutual Benefits | Crop Insurance | |
| % of loan amount - min | 0 | 6.00% | |
| % of loan amount - max | 0 | 6.00% | |
| OR, Fixed amount - min | 150 | 0 | |
| Fixed amount - max | 150 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 30.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 30.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 30,000 | PHP 40,000 | PHP 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-08-25 | 2011-08-29 | 2011-08-25 | ||
| Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 56.6% | 56.6% | 56.6% | ||
| Insurance Component | 21.2% | 19.9% | 19.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 36.2% | 35.3% | 35.3% | ||
| Full APR (int fee ins tax dep) | 113.9% | 111.8% | 111.6% | ||
| Transparency Index | 18 | 18 | 18 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2002 |
| Head of Institution | Ms Wegayehu Asrat |
| Regions active | |
| # Branches | 5 |
| Total Portfolio (nat'l) | ETB 11,960,952 |
| Total Portfolio (USD) | USD 650,051.74 |
| Active clients with loans | 10,541 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | AEMFI, MAIN |
| Funders | CRS, ICCO Terafina |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Endeg Loan (let us grow together) | ETB 1,300 - 6,500 | 3 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
| Eshet Loan (A seed in the process of being ripe) | ETB 1,500 - 6,600 | 3 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs | |||||||
| Hibret Loan (Union) | ETB 1,200 - 7,200 | 3 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men | Credit Educ, Group Mtgs | |||||||
| Qirs Loan (Property) | ETB 1,500 - 7,000 | 12 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs | |||||||
| Siket Loan (Success) | ETB 2,500 - 11,000 | 3 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Endeg Loan (let us grow together) | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 37.9% - 38.8% | 45.4% - 47.8% | 38 | ||||||||
| Eshet Loan (A seed in the process of being ripe) | 19.2% annual, Flat | 0 Fees | 0 Ins | None | 8.0% upfront 10.00% ongoing | 18.1% - 21.2% | 19.1% - 22.6% | 96 | ||||||||
| Hibret Loan (Union) | 18.0% annual, Flat | 0 Fees | 0 Ins | None | 8.0% upfront 10.00% ongoing | 31.6% - 32% | 36.8% - 37.4% | 48 | ||||||||
| Qirs Loan (Property) | 14.4% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 30.8% - 31.8% | 36.5% - 37.8% | 38 | ||||||||
| Siket Loan (Success) | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 40% - 45.3% | 48.2% - 55.6% | 35 |
| Key Statistics | |
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| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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